The good news is that most of the reported problems are gone in FP 2002. FrontPage has improved steadily with each version, and FP2002 is a reliable, mature product that works perfectly 99% of the time.
Even if you know how to code HTML (as I do), why bother? When Tim Berners-Lee invented the Web, he envisioned WYSIWYG editors that would code behind the scenes like word processors. That's good enough for me. :-) I'm always amused by the idea that real Web professionals should code by hand. That's like saying that real graphic designers should hand-code PostScript files instead of using Quark XPress or Pagemaker.
As for dynamically generated sites (mentioned elsewhere in this thread), they may be worthwhile if you're building a site from scratch, but if--like me--you have legacy content that goes back to 1996, it's far more efficient to maintain, manage, and expand it in FronPage than to reinvent the wheel.